Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Blue Star's Consolidated Q1FY20 revenue increases to Rs 1575.45 crores, grows by 4.5%

Posted On: 2019-08-13 20:08:12


Consolidated Financial Performance for Q1FY20

- The Company has reported Revenue from Operations of Rs 1575.45 crores for the quarter ended June 30, 2019 on a consolidated basis, compared to Rs 1507.83 crores during the same period in the previous year.

- The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 114.85 crores compared to Rs 136.66 crores in Q1FY19.

- Net Profit for the quarter was Rs 76.84 crores compared to Rs 91.58 crores in Q1FY19. Results of Q1FY19 included a profit of Rs 15.18 crores on the sale of property, considered as an exceptional item.

- Other Income (including Finance Income) for Q1FY20 was Rs 21.66 crores compared to Rs 3.34 crores in Q1FY19. Other Income in Q1FY20 was higher on account of receipt of an industrial promotion subsidy for the manufacturing facility at Wada.

- Finance Cost for the quarter decreased to Rs 8.23 crores from Rs 12.10 crores in Q1FY19 due to effective management of working capital and consequently lower borrowings in Q1FY20.

- The Tax expense for the quarter was Rs 32.52 crores compared to Rs 32.50 crores in Q1FY19.

- Earnings per share for Q1FY20 (Face value of Rs 2.00) was Rs 7.98 vis--vis Rs 9.53 in Q1FY19.

- The Carried Forward Order Book as on June 30, 2019 grew by 33.9% to Rs 2841 crores.

- Sharp reduction in working capital levels resulted in substantial reduction of borrowings from Rs 403.48 crores as of June 2018 to a net positive level of Rs 0.74 crores as of June 2019.

Consolidated Segment Performance for Q1FY20

- Order inflow in the Electro-Mechanical Projects and Commercial Air Conditioning Systems segment was healthy and the Company received a large order from Mumbai Metro. However, revenue for the quarter remained almost flat at Rs 623.94 crores compared to Rs 619.36 crores in Q1FY19 due to slower pace of execution of projects. Segment Results registered a decrease from Rs 39.70 crores to Rs 33.53 crores in Q1FY20.

- Unitary Products revenues increased by 9.2% to Rs 906.89 crores from Rs 830.76 crores in Q1FY19 driven by a good summer and increased billings in the Room Air Conditioners category. Segment Results increased to Rs 98.91 crores from Rs 95.01 crores during the same period in the previous year.

- The Professional Electronics and Industrial Systems Business revenues decreased from Rs 57.71 crores in Q1 FY19 to Rs 44.62 crores in Q1FY20, while the Segment Results declined to Rs 4.42 crores in Q1FY20. The results are not comparable since in Q1FY19 there was a one-time revenue from supply of CT scanners to the Government of Uttar Pradesh. Data Security Systems and Testing Systems businesses continued to perform well. An uptick in healthcare sector is expected to drive increased growth in this segment, going forward.

Outlook

Vir S Advani, Vice Chairman & Managing Director, Blue Star Limited adds, "The macro-economic conditions are weak and there are visible symptoms of slow-down in demand. Having said that, order inflow from select segments continue to be healthy and our pending order book is strong. We will stay focused on driving revenue growth and profitability with a close watch on margins and capital employed."

Shares of BLUE STAR LTD. was last trading in BSE at Rs.701 as compared to the previous close of Rs. 724.5. The total number of shares traded during the day was 2364 in over 226 trades.

The stock hit an intraday high of Rs. 724.95 and intraday low of 701. The net turnover during the day was Rs. 1689487.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

FDC Limited to acquire further stake in South Africa firm

Energy Development Company Ltd board recommends dividend of Rs. 0.50

Hero MotoCorp donates unique first responder vehicles to Civil Hospital, Gurugram

Mirchi revenues fall 72%, but market share rises to 33%

FDC Ltd board approves buy-back at Rs. 450

Gujarat Themis Biosyn Ltd board to approve quarterly results on Aug 13, 2020

Ravileela Granites Ltd Q1 consolidated net profit up at Rs. 0.74 crore

Indowind Energy Ltd posts consolidated PAT of Rs. 3.40 crore in Q1

FDC Ltd reports consolidated PAT of Rs. 91.72 crore in Q1FY21

Mercury Laboratories Ltd Q1 PAT at Rs. 0.96 crore

BATA India Ltd reports loss of Rs. 100.88 crore in Q1FY21

Seshasayee Paper & Boards Ltd Q1FY21 consolidated net profit lower at Rs. 19.30 crore

ANUH Pharma Ltd board approves 1:1 bonus issue

Siemens Limited announces Q3 FY 2020 results, Performance impacted due to COVID-19

WINTAC Ltd Q1 loss at Rs. 0.3158 crore

Sudarshan Chemical Industries Ltd posts Rs. 18.19 crore consolidated PAT in Q1FY21

CIPLA Ltd Q1FY21 consolidated PAT up at Rs. 577.91 crore

DIC India Ltd Q2CY20 PAT soars on exceptional income

Andhra Paper Ltd reports loss in Q1FY21

Natural Capsules Ltd Q1FY21 net profit surges to Rs. 2.48 crore

The Shipping Corporation of India Ltd posts consolidated PAT of Rs. 336.87 crore in Q1FY21

ANUH Pharma Ltd Q1FY21 net profit up at Rs. 16.72 crore

RAMCO Industries Ltd Q1FY21 consolidated net profit rises to Rs. 61.83 crore

Container Corporation of India Ltd Q1FY21 consolidated PAT slides to Rs. 60.61 crore

Automotive Axles Ltd Q1 loss at Rs. 2.30 crore

Morganite Crucible India Ltd posts loss of Rs. 0.67 crore in Q1

Monte Carlo Fashions Ltd Q1FY21 loss at Rs. 13.53 crore

Nucleus Software Exports Ltd Q1FY21 consolidated PAT surges to Rs. 36.33 crore

Kesar Enterprises Ltd Q4FY20 PAT surges to Rs. 36.90 crore

Murugappa group firm to invest in CG Power and Industrial Solutions Ltd

Zensar to host Digital Foundation Services (DFS) Virtual Analyst and Advisor Conclave

JK Agri Genetics Ltd to raise funds upto Rs. 50 crore

Apollo Hopsital asks for 50% rent waiver

Shree Renuka Sugars Ltd to issue 2,11,670,481 Equity Shares at Rs. 8.74

REC Ltd Q1FY21 consolidated PAT soars to Rs. 1845.30 crore

Amara Raja Batteries Ltd Q1FY21 consolidated net profit declines to Rs. 62.49 crore

Aditya Birla Capital Ltd Q1FY21 consolidated net profit at Rs. 198.38 crore

Mangalam Cement Ltd posts net profit of Rs. 13.79 crore in Q1

Kaycee Industries Ltd Q1 loss at Rs. 0.20 crore

Nath Bio-Genes India Ltd Q1FY21 PAT rises to Rs. 41.25 crore

Birla Corporation Ltd reports earnings for Q1FY21

JK Agri Genetics Ltd Q1 PAT zooms to Rs. 19.20 crore

Finolex Industries Ltd posts consolidated PAT of Rs. 56.72 crore in Q1FY21

Shreyans Industries Ltd posts Rs. 6.77 crore PAT in Q1

Adani Transmission Ltd Q1FY21 consolidated PAT higher at Rs. 383.55 crore

Targeting the significant shift to Spiritual-Religious Tourism, Thomas Cook India & SOTC launch Ramayana Trails

Rane Madras Ltd announces Q1FY21 results

BHEL commences Civil Works at 660 MW Sagardighi Supercritical Thermal Power Plant in West Bengal

Equitas Small Finance Bank Limited is now the official retail banking partner of Chennai Super Kings

BEML Ltd Q1 consolidated loss at Rs. 134 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019